Hines vende un centro commerciale in Spagna

Hines, the international real estate firm, announced today that the Hines European Value Added Fund (HEVAF) has sold 100 percent of the shares of the company holding Zielo Shopping Pozuelo shopping center (“Zielo”) for pricing in excess of €70 million. HEVAF was developer of the 169,489-square-foot shopping center, which opened in October 2009 and is currently 97 percent occupied. Hines Spain provided development management, asset management and disposition services to HEVAF.

Zielo has become a reference point for Spanish shopping centers due to its unique retail mix, housing top-level tenants such as Sánchez Romero, Massimo Dutti, Uterqüe, COS, H&M and the restaurant Cielo de Urrechu. Located in an area with one of the Spain’s highest per capita incomes, Pozuelo de Alarcón in Madrid, the center has increased its shopper traffic in recent years, consolidating itself as the preferred shopping destination in its area of influence.

Jamie Rea, co-managing director of Hines Spain commented, “We are proud to have produced Europe’s first LEED® Gold shopping center and to have successfully asset managed it through the Spanish recession to reach a successful conclusion.”

CBRE, which has provided center management and leasing services to HEVAF, also advised them on the sale, while Ashurst provided legal advice to the fund.

 

Source : Company

Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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